As of the third quarter of 2024, in Mexico, Nuevo León and Mexico City reported the highest average monthly salary, reaching over ****** Mexican pesos each. Additionally, Baja California Sur and Baja California ranked third and fourth in terms of highest incomes, with an average monthly salary of ****** and ****** Mexican pesos, respectively.

Key information about Mexico Monthly Earnings

• Mexico Monthly Earnings stood at 908 USD in Feb 2025, compared with the previous figure of 902 USD in Jan 2025
• Mexico Monthly Earnings data is updated monthly, available from Jan 2000 to Feb 2025, with an average number of 578 USD
• The data reached the an all-time high of 1,045 USD in May 2024 and a record low of 411 USD in Feb 2000

CEIC calculates Monthly Earning from Average Daily Quote Salaries multiplied by 30 and converts it into USD. Secretary of Labor and Social Security provides Average Daily Quote Salaries in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Further information about Mexico Monthly Earnings

• In the latest reports, Mexico Population reached 132 million people in Dec 2024
• Unemployment Rate of Mexico increased to 3 % in Jan 2025
• The country's Labour Force Participation Rate increased to 59 % in Jan 2025

In Mexico as of the third quarter of 2023, there was a higher standard monthly wage for the male population with 8,473 Mexican pesos, while women got 7,281 MXP. Thus, the male population got a higher income around 16 percent more than the female population.

Wages in Mexico decreased to 278.93 MXN/Day in May from 621.89 MXN/Day in April of 2025. This dataset provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In Mexico as of the third quarter of 2023, the sectors of occupation measured by the average monthly salary had the extractive industry as the clear leader, in terms of highest average salary, with 10,612 Mexican pesos, followed by the governmental, education and health areas.

As of the first quarter of 2024, the two highest paid professional degrees among all professional development areas were from the economic and administrative sector. Statistics ranked first with over 27,000 Mexican pesos.

Avg Daily Quote Salaries: Expanded: Campeche data was reported at 421.121 MXN in Feb 2019. This records an increase from the previous number of 420.876 MXN for Jan 2019. Avg Daily Quote Salaries: Expanded: Campeche data is updated monthly, averaging 267.064 MXN from Jan 2000 (Median) to Feb 2019, with 230 observations. The data reached an all-time high of 421.121 MXN in Feb 2019 and a record low of 125.359 MXN in Feb 2000. Avg Daily Quote Salaries: Expanded: Campeche data remains active status in CEIC and is reported by Secretary of Labor and Social Security. The data is categorized under Global Database’s Mexico – Table MX.G042: Average Daily Quote Salaries: Expanded.

As of the first quarter of 2024 in Mexico, the lowest paid degrees by professional degree were for the fishing professionals with an average monthly salary of 9,854 Mexican pesos.

Wages in Manufacturing in Mexico increased to 4 USD/Hour in April from 3.90 USD/Hour in March of 2025. This dataset provides - Mexico Average Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Avg Daily Quote Salaries: Expanded: Professional Services data was reported at 365.035 MXN in Feb 2019. This records an increase from the previous number of 363.250 MXN for Jan 2019. Avg Daily Quote Salaries: Expanded: Professional Services data is updated monthly, averaging 235.532 MXN from Jan 2000 (Median) to Feb 2019, with 230 observations. The data reached an all-time high of 365.035 MXN in Feb 2019 and a record low of 143.353 MXN in Feb 2000. Avg Daily Quote Salaries: Expanded: Professional Services data remains active status in CEIC and is reported by Secretary of Labor and Social Security. The data is categorized under Global Database’s Mexico – Table MX.G042: Average Daily Quote Salaries: Expanded.

In 2022, the average monthly wage paid to employees in the clothing manufacturing industry amounted to 6,936 Mexican pesos, an increase compared to the previous year. The textile industry in Mexico paid higher wages to its employees during the same depicted period.

Mexico Real Average Compensation Index: Manufacturing: Wages data was reported at 142.400 1993=100 in Dec 2008. This records an increase from the previous number of 105.300 1993=100 for Nov 2008. Mexico Real Average Compensation Index: Manufacturing: Wages data is updated monthly, averaging 96.900 1993=100 from Jan 1993 (Median) to Dec 2008, with 192 observations. The data reached an all-time high of 149.500 1993=100 in Dec 1994 and a record low of 72.800 1993=100 in Feb 1997. Mexico Real Average Compensation Index: Manufacturing: Wages data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.G055: Real Average Compensation Index: Manufacturing Industry: 1993=100.

Key information about Mexico Household Income per Capita

• Mexico Annual Household Income per Capita reached 3,690.156 USD in Dec 2022, compared with the previous value of 2,639.778 USD in Dec 2020.
• Mexico Annual Household Income per Capita data is updated yearly, available from Dec 2006 to Dec 2022, with an averaged value of 3,322.376 USD.
• The data reached an all-time high of 4,169.817 USD in Dec 2008 and a record low of 2,639.778 USD in Dec 2020.
• In the latest reports, Retail Sales of Mexico grew 4.584 % YoY in Apr 2023.

CEIC calculates Annual Household Income per Capita from Quarterly Average Household Income per Capita multiplied by 4 and converts it into USD. The National Institute of Statistics and Geography provides Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Mexico Minimum Wage: Daily: Weighted Average of the 3 Geographic Area data was reported at 102.680 MXN in Mar 2019. This stayed constant from the previous number of 102.680 MXN for Feb 2019. Mexico Minimum Wage: Daily: Weighted Average of the 3 Geographic Area data is updated monthly, averaging 10.787 MXN from Jan 1964 (Median) to Mar 2019, with 663 observations. The data reached an all-time high of 102.680 MXN in Mar 2019 and a record low of 0.018 MXN in Dec 1965. Mexico Minimum Wage: Daily: Weighted Average of the 3 Geographic Area data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.G040: Minimum Wage and Wage Index.

During the time shown, the average monthly wage in the Mexican state of Jalisco has experienced a general positive trend with the highest value recorded in the third quarter of 2024 with ***** Mexican pesos.

Mexico Average Quarterly Household Income data was reported at 63,695.000 MXN in 2022. This records an increase from the previous number of 50,309.000 MXN for 2020. Mexico Average Quarterly Household Income data is updated yearly, averaging 46,285.000 MXN from Dec 2006 (Median) to 2022, with 9 observations. The data reached an all-time high of 63,695.000 MXN in 2022 and a record low of 39,719.000 MXN in 2014. Mexico Average Quarterly Household Income data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H024: Average Quarterly Household Income.

During the time shown, the average monthly wage in the Mexican state of Yucatan has experienced a general positive trend with the highest value recorded in the first quarter of 2024 with ***** Mexican pesos.

During a 2019/20 survey, it was found that the average gross monthly salary in the software industry in Mexico amounted to 41.45 thousand pesos. A year earlier, the average was 37.91 thousand. The revene of the Mexican software industry in 2018 was estimated at 6.4 billion U.S. dollars.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

In 2012, the average monthly salary in the textile industry in Mexico amounted to ***** Mexican pesos per person. This is the largest salary registered in the North American country since 2013. The Mexican textile industry employs over *** thousand people.